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20121201
20121231
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FBC 24
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Search Results 0 to 23 of about 24 (some duplicates have been removed)
headlines. concern over the fiscal cliff bleeding into the u.s. manufacturing sector. factory activity in november declined for the first time in three months. the news weighted down stocks helping shed 59 points off the dow. the raw materials sector hit hard by the contraction in manufacturing. shares of dupont were the biggest loser closing down 2%. dell getting golden endorsement from goldman sachs today. the investment bank upgraded the struggling computer-maker saying the stock has been oversold. the dell shares rose by 4% over that news. to our top story tonight, speaker boehner and house republicans are rolling out their fiscal cliff counteroffer to the white house. includes $800 billion in new tax revenue. that is roughly half what the president was aiming for. 300 billion in discretionary spending cuts. 900 billion in mandatory spending cuts. now the white house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by dan mitch chill from the cato institute for more on this. dan what do
traders criminally charged here in the u.s. you look at the e-mails here and you understand. i need you to keep it as little as possible. if you do that, i will pay you. whatever you want. i am a man of my word. that may give you a reason to be angry. our question today is, does it give you a reason to avoid banking stocks as investment completely. charles payne is here, as he is every day. you had barclays and now you have ubs. more litigation heading over these guys. charles: bank of america is up like 100%. i am too afraid of these kind of thanks. i did not like the risk reward. i think there are a lot of on answered questions with what is brewing to meet the surface there. we have morgan stanley as a trade. i do like goldman sachs. i like the comparisons, more than anything else. listening, volume is down. also, we have regulations. at least we know what it is. lower margins because of price transparency. they admit they will lose revenue. all of that stuff is out there. connell: goldman had a settlement of its own on a different story. not love or talk up on on a financial crisis i
price in recession and the prospect of a down grade of u.s. debt once again, back on the table. bob, head of fixed income for vanguard with about three quarters of a trillion dollars under management in money market and bond as sets. bob, i don't know how you sleep at night given the pressure of handling that much money. think about that often. good to see you. >> good to see you. dagen: bob, what do you think of what's happening? washington? what happens in the bond market if recession becomes more likely? >> well, clearly, volatility kicks up a lot, and you're going to see decline in treasury yields and probably a rise in the spread differentials of corporate bonds and other credit backed bonds relative to treasuries so it's not going to be a pretty picture for our bond holder. you know, that said, they are ultimately going to fix this, by they will put us through hell in between. dagen: bob, looking at the -- all the classes of fixed income, the out performance over treasuries in all grades of corporates, even in municipal bonds, but particularly, you start looking at the lower g
to figure this out. lori: i was speaking with martin felton yesterday of harvard, the u.s. economy is still in serrous danger of falling into a recession. >> i think the fiscal cliff is the single biggest risk. if we avoid that, i think we have a good shot of growing. not rapidly, but between one and 2%. housing is recovering. i think without the fiscal cliff, we will do all right. lori: tax rates or than likely are going up, at least for one class. you have this slow growth. at the same time, think of the federal reserve keeping rates low for so long. we could be in serious trouble. >> on the inflation front, we are not very worried for the next year or two. it is out there, but not the next year or two. they will phase in whatever tax increase they put in. it will not hit next year. it will phase in over a couple years. that is the smart way to do it. lori: thank you for your time. >> thank you. you bet. melissa: i would like to be optimistic. date -- details of the probe have not been released. over 80 people have already been questioned about the more than $5 billion in trading losses l
. the data, u.s. manufacturing activity last month lowest level since the summer of 2009, but then we got a construction spending report that was good. in october, it rose by the largest amounts in five months, and then we got auto sales throughout the morning, and while they were decent, gm, toyota, and chrysler missed november's estimates, but ford beat them. that's the data and push and pull among the markets, back to you. >> lauren, thanks so much. >> 12995 where it ends, nobody knows. take a gamble. talks in a standstill, timothy geithner blaming republicans saying they have to raise taxes in order to avoid going over the cliff. rich edson in washington with the latest, rich? >> they are stuck on this offer, which the white house says is less of an offer and the same position the administration staked out in its jobs bill and deficit proposal over the last couple years. half trillion in tax increases or trillion and a half in tax increases, $600 billion in spending cuts, more spending, and a permanent increase in the debt ceiling. on fox news sunday, boehner called that deal a joke.
>> brenda: bl or bear? >> i'm a bear, they're going to stay home. the u.s. stocks all the way. >> brenda: jonas, prediction? go for it. >> there's a helium shortage and it's good tore air products and chemicals up 20% for the year, up and upnd away. >> brenda: toby? >> and now what? i don't think it's helium he's ingesting right there. (laughter) >> and happy birthday, toby. >> thank you very much. >> brenda: take it away, plea please. >> neil: with the fiscal doomsday 30 days away and us 16 trillion bucks in the red. is there any time for shelling out more green. hi, everyone, happy to have you. and so much for the spending cuts to cut o debt and falling for billions in new stimulus spending. get this, it would be part of the dough aimed at avoiding a cliff by creating more spending. are you following this? i'm not. maybe these guys are. ben stein, charles payne, sandra smith and am and charl charlie. >> you laugh because you want to cry. >> neil: sometimes you laugh simply becau you want to laugh. (laughter) >> since november 2011, we're 30 days away from this. are you ser
's not going over well with the rest the world, including the u.s. and china. now we have some of the richest people in the world and they want the government to make more of your money. warren buffett, george soros, bill gates' dad they want the estate tax to go up and say the rate should start at 45% and go up from there. and millions would qualify to pay, but buffett and soros have an estate plan to avoid much of that tax. i'm quoting now, an estate tax with these guidelines to reduce the deficit and fund vital services and paid by only 10% of the estate. work your whole life and half of it goes to the children and half to the government and of course it's already been taxed when you earned it in the first place, is that fair? we're dealing with that today. i'm waiting for my special dividend from microsoft, but the company i own shares in has ramped up production of its new surface tablet. maybe that will help the stock. are you listening, steve ballmer? nicole, pre-market, where is the stock? >> stuart, you're making me laugh already and the show has barely begun. you're waiting for your
economy? any or all of thisould have happened, but the story is a warning signal for politicians in the u.s. if you believe you could have financed contamination on the back of the wealthy, think again. it is not that eas. we need better operating of a fair tax system in which everyone has skin in the game rather than trying to find out where the money is. by the way, how much money do you think and slick willie get away with in 40 years of robbing banks? just $2 million. at thought it was more. that's what i think. now we want to know what you think. coming in the mail. gerri@foxbusiness.com. >> coming up on "the willis report," hurricane sandy slammed into the east coast over one month ago. why are victims still waiting on a? and what is fema doing with the cash? the president of ericsson insurance advisers ways in next. and guess which state the highest paid truper lives in? queue will not believe how much some are milking taxpayers. we will have the averages tails later. also, what has nine lines and six toes? find out why their government is cracking down on these level for balls. we a
, the germans thought we were crazy. only people not watching this charade in u.s. is the french, they are looking to get out of france because of the tax rate there. the they said only thing france will export in 21 century are millionaires. neil: they all go to belgium, it is obviously for more than just the chocolate. so, where do we stand? the markets have been nearly, if not dismissively going by all this and through all this, assuming i think that a teal would be had -- a deal would be had. tomorrow it looks like a deal will not be had, the they -- mas have turned sharply lower, 74 down in the futures. i am wondering, if that is a signal they could worry this is not a fore gone conclusion, we could go into the new year with no deal. >> i'm thinking, increasingly, that sequestration and going into the new year without a deal is the best possible thing for the u.s., it is the only way you will see spending decreases. you will get revenue increase on top. but hopefully, they will be in better balance, and president and administration are promoting today. neil: knowing you were
at, given the outlook and not just the u.s. consumer, but now you talk about sales in china just started, there's a lot of catalyst and the stock is cheap. david: despite your pessimism of what might happen in the economy, you're optimistic about what's happening with homebuilders. yowe think this is a real burste are seeing, one that will last? >> i agree, pointed homebuilders enjoying a nice ride and you are seeing that, it was priced into the market probably two quarters ago, but it will continue and i think that part of the economy will help out over the homebuilders themselves but investors in the market. david: continued for how long? >> my sense is throughout 2013. you can really count on this resurgence from the home building sector. lori: gary, remaining time, what is your preferred asset allocation? >> right now we are allocating model the balanced portfolio to be about 43% equities split equally between domestic and foreign. we're about 15% traditional bonds, 30% non-traditional bonds. and we're about 10% of real assets, energy, precious metals. about 2% cash. lori: gr
versus the dollar on speculation that u.s. lawmakers will reach a deal on the fiscal cliff. why that makes the euro so much stronger, you know, the euro hit intraday high of 1.3238, it is up 1.6% so far this month alone against the greenback. homebuilder confidence jumping to its highest level in more than six and a half years in december. the national association of homebuilder index posting its climbing 2 points to 47 this , month. a lot of optimism today. david: and we have the numbers from oracle. they are out. adam shapiro has been parsing through he numbers. adam: investors will be pleased with oracle. revenue of 9.1 billion, up 3%. and the street was expecting 9.02 billion. one thing i want to tell you from the press release, they are saying that cloud software subscriptions revenues were up 17% to 2.4 billion. and that's one of the things that investors are really paying attention to as oracle goes into that space. david: that is one of the things they are pushing most heavily into. adam, hank you very much. let's get reacts from the chicago mercantile exchange. larry,
looks at u.s. news world reports and do it on rankings. they are playog their need and to suspect they are taken advantage of is laughable. >> they don't know it. i don't know if you are through the process. last thing you are thinking about when you file apication just to do to your kids. >> it is wrong. it on rankings. they a false. >> college student applicant and middle class famy don't know they are doing it to get better rankings. >> elizabeth said they know now thanks to forbes on fox. thank you, gang. bring out the bubbly and pop the champagne and get the stocks ready to pop i the new year. i touched the ball before it went out, coach. come on, alex, the ref did not call that! i touched, it's their ball. team! alex. alex, good call.
against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services and suntrust banks. more details when we've got them. the power and might of unions on display today and being tested. you will see huge protests at the state capital building in michigan where right to work legislation will be signed today. that means workers will be able to choose if they want to join the union. they will no longer be compelled to pay dues. here is the president speaking at a daimler factory in michigan yesterday. >> we do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't do, i just got, what we shouldn't be doing is trying to take away your rights to bargain for better wages. stuart: and take away your rights to bargain. is that what's at stake here? is collective bargaining a right? these are obvious questions, we'll be on it through the program and our camera
of the u.s. government it would make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. but some things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't have to compete. they don't have to out perform. they make more money than the government overseer, that is doing their job. you have directors there making millions of dollars. we should have reined them in long time ago. >> there was a ignite named franklin rains, he made $90 million back during his reign and they gave out $45 million in bonuses. these organizations have a bad history. >> they got a bad history. we have always known that. they were never real based on market
of the u.s. government it uld make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. butome things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't have to compete. they don't have to out perform. they make more money than the government overseer, that is doing their job. you have directors there making millions of dollars. we should have reined them in long time ago. >> there was a ignite named franklin rains, he made $90 million back during his reign and they gave out $45 million in bonuses. these organizations have a bad history. >> they got a bad history. we have always known that. they were never real based on market fo
'm talking about breakfast sales, that's correct? >> that's right, breakfast sales in the u.s. is something that's definitely well, offering prices and a lot of folks have a lot of money get on the mcrib. stuart: nicole, thank you very much indeed. dow industrials are down 11. it's a flat market. the busiest day of the year for fedex, it's going to move 19 million packages in one day, it doesn't necessarily mean that people are spending more, far from it, they're shopping more on-line, a whole lot more on-line and fedex delivers for them. and fedex stock is up a fraction, not much. talk about the pot calling the kettle black. christine lagarde warned that the american economy won't grow next year without a deal on the fiscal cliff. listen to this. >> my view personally is that the best way to go forward is to have a balanced approach at that takes into account both increasing the revenue, which means, you know, either raising tax or creating new sources of revenue. and cutting spending as well. >> very interesting. europe is deep, deep in a financial crisis and ms. lagarde, who heals from t
, but the u.s. patent office just said, no, that's invalid. so he they don't have a patent on it. as you see, no impact on the stock whatsoever, but i like that technology, find it interesting. >> so cool. stuart: surely is. all right, nicole, thank you very much indeed. i'll say it again, dead flat market, down 8 points, all you've got ladies and gentlemen, this thursday morning. time is money, 30 seconds, here is what else we're working on for you. the world's going to end tomorrow, according to the mayans, we'll talk to a man who said, yeah, it could happen. if he really believes it why is he selling books and why will he be on our program? i'll ask him. a woman in kentucky tries to buy ipads with her ebt card. has welfare become a way of life? we'll ask former welfare chief star parker. and time for giving, john stossel joins us for a look at charity. it's thursday morning, it's time i give the 7 early movers. and disappointing results from amicus their p amicus therapeutics. and the nyse euronext, and acquiring motorola, arris is acquiring, the stock is up a little bit. and accenture an
-- before that. >> and he went back after years and moved his-- he came back to the u.s. with his family and he's he not the only one, and the three wealthiest men in f out and these guys, now, they have he' left and they are their moving out wasn't seen as such heroic move. i think it was a lot of, kind, teeth grinding. so i think that depardieu, who whom this revolt is going to happen. i hope so so for france's sake. stuart: there's an argument in america at the moment raising the tax rate on upper income people and the argument, does it actually bringgin more money. what about france? they've got a much higher tax rate. 75%, is it going to bring in all of the money they thought it would go going to bring in? >> no, it's never going to. in fact, because people like gerard depardieu are productive and make the most money are going to, the idea that you start taxing like crazy people they're going to actually just give you their money, not budge, not change anything, is actually-- >> do you think that france will ever accept much less of a welfare state, real serious cuts in their entitl
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk california. it's been another banner year for the formerly golden state. voters approving carbon taxes on business. higher taxes on themselves. and the state overwhelmingly voted for the president in the election. more than 60% of the state voting in favor of president obama for his reelection. let's bring in our next guest. he is chairman of the republican party in california. i'm not being sarcastic but i didn't think the republicans existed in california any longer. you are their chairman, is that correct? >> it is. it was a rough year. stuart: what does 2013 hold in store for california? >> well, actuall
Search Results 0 to 23 of about 24 (some duplicates have been removed)